Covid-19 impacted private jet deliveries to 644 units, down 20.4% from 809 in 2019, and the lowest since 2004.
New private jet deliveries dropped by 20.4% from 809 in 2019 to 644 last year. It was the lowest total since 2004, according to the General Aviation Manufacturers Association.
Transactions of used private jets for sale are expected to rebound in 2021 after dipping due to COVID-19
Pre-owned private jet sales will dip to 1,617 units this year as the industry struggles with the challenges of the impact of COVID-19 on the selling process. Last year, there were 1,839 transactions of pre-owned aircraft, according to an annual market survey by Jetcraft.
Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association
Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers
Glory days, well, they’ll pass you by
Glory days, in the wink of a young girl’s eye– Bruce Springstein
No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.
With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.
Updated research shows private jets and business aviation support 1,179,200 U.S. jobs
Newly updated research conducted by PricewaterhouseCoopers LLP revealed that general aviation supports a total 1,179,200 jobs and $246.8 billion in total economic output in the U.S. annually.
The researcher found that each industry job created 3.3 jobs elsewhere in the economy.
It also found the business of general aviation is a big winner for the U.S. when it comes to international trade.